Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-03-11

Hopkins trustees, or at least
portion OF it has been
placed under the control of the new syn
dlcate, but the - 900 shares held by the
city of Baltimore cSnnot be- touched
without special act of the
CITY Council. The $4,000 shares
left in trust By the late John ". Garrett !
can be disposed OF, as the will did not |
forbid the sale. but simply advised that it |
be kel3 ia trust for twenty years |
so controlling interest might |
be secured if advantageous terms were |
offered Mr.. Garrett to-day told a gen.
tlemsn at the club he might rest assured
that whatever was done would be for
the best interests OF Baltimore, but
further information he could not give
now From this it was inferred that the
scheme WAS not fully consummated, and
important developments might be expect
ed in the near future.
RECEIVER TALkS.
PHILADELPHIA, Pa, March l0.-The
receiver Of the Reading Railroad said to
day regarding the great railroad deal:
~ have no doubt President Garrett
would like 10 dispose of some
of his Baltimore and Ohio stock
st q good round sum, but You
and Reading Company cannot be used 10
pull the chestnuts out OF the fire in any
such combination as has been reported.
The president of the Baltimore and Ohio
has undertaken a great task in his at
tempt to get his railroad line into
New York and has already loaded the
company with a good deal of debt. He
can get to New York, but not on his own
terms, which means cut rates as he
chooses
JAY GOULD AT THE BOTTOM or IT.
CHICAGO, Ill, March l0-A gentle
man who claims to have seen the original
contract for the sale of the Baltimore and
Ohio Railroad is authority for the follow
ing statement: The plan Tor the con-
solidation Of these various railway inter
ests grew out of the efforts CT Jay Gould
to induce Robert Garrett to pool the bust
ness of the Baltimore and OHIO Telegraph
Company with that Of the Western Union
Company. NJ. Garrett absolutely re-
fused 10 become q party TO such an ar
rapgement, and declared that he would
always keep his business interests under
his own control; that the telegraph and
railroad interests were identical, and they
should continue 10 be so is long SIS he
controlled them; but at the same time he
animated that he was inclined to
free himself of business cares
by the absolute sale of f. controlling in
tercst in the Baltimore ana Ohio Railroad
which would carry with ii the control OF
the telegraph and express companies.
With this hint as basis Of negotiations,
he returned to New ! ork and formed g
syndicate composed as follows: Calvin
S. Bryce, Alfred Sully, Austin COr0iD,
John G Moore, General Samuel Thomas,
Ii c. FahnstoCk, WinslOW, Lsnier & Co,
and J. B. Pace. The contract was then
framed by which Mr.. Garrett agreed to
transfer to the syndicate controlling in
terest in the Baltimore and OaiO Railroad
within thirty days for SIG,000,000, for
fixture being deposited by Mr.. Garrett.
The COntrac. was shown to Gould Satur-
day. 1t Is understood thst the telegraph
business is to go to the Western Union
Company and the express business tc the
Adams Express Company.
PHILADELPHIA PRESS COMMENTS.
PHILADELPHIA, Pa. March IO-The
Ledger this morning, referring TO the al
legged Baltimore and Ohio deal, say
'In the various reports that have got into
circulation in the newspapers there have
been united in tee alleged syndicate who
and OHIO Railroad Company great many
large railway corporations and bankers.
We have made inquiry on the subject and
are able to report as q result that the
PENNSYLVANIA Railway and the Lehigh
Valley Railroad have no connection with
the deal, that the controlling powers III
Reading Railroad manage ment have moth
ing to do with it, and that company can
not be used by this syndicate in any such
connection, that the friends Of Austin
COrbiu deny he has anything to dc with
its movement, and that D-cXel, Morgan
& Co. Of New York and DreXel & CO. of
Philadelphia have nothing TO do with it. >
The Record eayS can important meet
ing of Adams Express officials AID others
was held in this city yesterday, and it was
afterwards learned that the following in
terests were represented: The Western
Union Telegraph Company, the Adams
Express Company, and the Pullman Palace
Car Company. These corporations are
all interested in the Baltimore and Ohio
deal, and will, as their share OF it, take
the express, telegraph and palsce car
privileges of the y fillmore and Ohio
system, thus removing the most fOrmida-
BILE opposition that these different inter-
ests now have, by doing which they will
ultimately get back all they will invest IN
she deal
RICHMOND TERMINAL MATTERS
NEW YORK, March 10 The executive
committee of the Richmond Terminal
! Company went into session at , O'Clock
| to consider two propositions to purchase
Baltimore and Ohio stock under an option
given by Robert Garrett to Alfred SullY.
! One of the directors says the proposition
that will most likely be adopted is that
the syndicate shall take stock in their
| interests and hold 1t until the Richmond
Terminals full board of directors ap-
prove of the action of the executive COM
mittee. Il will then be placed in
collateral trust aud the Richmond
Terminal will either consolidate
the Baltimore and Ohio with
their system or operate it separately as
proprietory road. The Pennsylvania
! Railroad has no interest in the deal nor
has the Western Union. 1t is simply
Richmond Terminal arrangement, and has
20 similarity 10 the sale of Nanderbilts
t 1F (fonFrcI m q 7